Fed has met goal on jobs; not so much for inflation: Chicago Fed President Charles Evans

CHICAGO: The Federal Reserve has reached its full employment goal, a top US central bank official said on Monday, but it should not yet begin to raise interest rates because it has not yet met its goal of reaching two-percent inflation.

"We have made great strides on the labor front; we can do better, but in terms of that piece of the conditionality being met, I think that that has been met," Chicago Fed President Charles Evans said after a speech to the World Steel Association, referring to the conditions the Fed has said it wants to see before raising rates. "I am more concerned about inflation moving up."